Prepare a journal entry for weaving way following information

Weaving Way leased anespresso machine from CoffeeGoGo under a 9-year lease agreement. The lease specifies annual payments of $25,000 beginning July 1, 2016, the beginning of the lease, and at each June 30 thereafter. The equipment is expected to have a useful life of 12 years with no guaranteed salvage value at the end. The machine is expected to have a residual value of $90,995.00. The implicit rate is 10%.